February 14, 2008

MassPort Subsidy

Now that I am 99% sure that I am reading the statements correctly, here are the MassPort subisdies the past three years

Fiscal Ending 2007 592,594
Fiscal Ending 2006 1,005,619
Fiscal Ending 2005 1,241,001

Total 2,839,214

These were the only reports on-line, I am going to get the prior amounts. I just do not see how it will reach 10 million, however, as written this past Sunday in Mr Nemeth's article.

3 comments:

Anonymous said...

2 words ...fuzzy math ... maybe Massport 'mis-remembered' ?!?!?!?!

Harry Tembenis
Worcester, MA

Anonymous said...

Fuzzy Logic 10th Grade MCAS Question?



1. Harry Co. (H) annually remimburses Bill Co. (B).

2. H reimb's B $1M last yr.

3. H also reimb's B for B's two chief officers (P&E) for total annual compensation package of $250,000 combined.

4. The $250,000 re-imb is not shown on on B's annual report.

What can be determined from the above facts:

a. the 250k is included in the $1M reimb.

b. The 250K is NOT included in the $1M reimb.

c. The 250k reimb. is used to reduce B's salary & benefits expense.

d. b. & c.

e. the 250k reimb. was lost at the Fed'l Sq Parking garage ticket booth.

f. the $1M reimb. was mistakenly used as add'l subsidy at the Hanover Theatre.

g. No determinations can be made from above fact pattern due to lack of full disclosure.

Anonymous said...

Mr Randell, check out Boston Herald legals today Pp 18. Read the first listing closely..........tell us what you read into the 2nd bullet or maybe it was the 1st bullet?

I cannot get it their website